Trade Tsingtao Brewery Company Limited - 0168 CFD

About Tsingtao Brewery Co Ltd

Tsingtao Brewery Company Limited is a beer producer and distributor in China. The Company's segments include Shandong segment, which is engaged in the production and distribution of beer in Shandong and surrounding regions; Huanan segment, which is engaged in the production and distribution of beer in South China; Huabei segment, which is engaged in the production and distribution of beer in North China; Huadong segment, which is engaged in the production and distribution of beer in East China; Dongnan segment, which is engaged in the production and distribution of beer in Southeast China; Hong Kong, Macau and Other Overseas Markets segment, which is engaged in the distribution of beer in Hong Kong, Macau and other overseas markets.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Tsingtao Brewery Co Ltd revenues increased 10% to RMB26.77B. Net income increased 21% to RMB3.61B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Gain on Fair Value Adjustment increase from RMB41.8M to RMB203.8M (income), Investment Income - Balancing value increase from RMB5.9M to RMB101.5M